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31 July, 09:13

During its first month of operations, Labrador Corporation provided $10,000 of services to it customers. Its costs included rent of $1,000 and salaries and wages totaling $3,000. At the end of the month, the board of directors approved a dividend of $500. What is the total amount of expenses incurred by the company during the month?

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  1. 31 July, 09:39
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    total amount of expenses is $4000

    Explanation:

    given data

    provided = $10000

    rent = $1000

    wages = $3000

    dividend = $500

    to find out

    total amount of expenses

    solution

    we here know that wages and rent is treated as an expenses and

    we know dividend is like profit apportionment so it can not be expenses amount so

    total amount will be express as

    total amount = rent + wages ... 1

    put here value in equation 1

    we get total amount of expenses that is

    total amount = 1000 + 3000

    total amount = 4000

    so total amount of expenses is $4000
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